Prudent administration

Va. Code Ann. § 64.2-766
in effect
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A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution. 2005, c. 935 , § 55-548.04; 2012, c. 614 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/64.2-766/Fetched: 10/17/2026
Va. Code Ann. § 64.2-766 — Prudent administration | Code of Virginia (Aug. 2026 snapshot) | Corpus